Portsmouth: City has one of worst business survival rates

Published by

TBM Team

Portsmouth has one of the worst records for business survival rates, new figures show. By contrast, Bournemouth has one of the best.

The city with the best survival is Bristol, with 44.4% of new startups surviving to the five-year mark, backed by an economy built on industries such as creative media, electronics and aerospace.

The only other cities to show a higher survival rate than the national average were Brighton and Hove (44.1%) and Leeds (42.9%).

Rank	Town / City	New Startups In 2013	5 Year Survivals	5 Year Survival Rate
1	Bristol	2,570	1,140	44.36%
2	Brighton and Hove	1,960	865	44.13%
3	Leeds	3,895	1,670	42.88%
4	Sheffield	2,145	915	42.66%
5	Cardiff	1,665	705	42.34%
6	Bournemouth	910	385	42.31%
7	Edinburgh	2,730	1,150	42.12%
8	Bolton	1,380	580	42.03%
9	Bradford	2,250	945	42.00%
10	Aberdeen	1,445	605	41.87%

UK cities with the Worst five-year business survival rates

At the other end of the scale, Plymouth is the city that has the lowest startup survival rate in the UK, with less than one in three (30.7%) new ventures lasting five years or more.

Rank	Town / City	New Startups In 2013	5 Year Survivals	5 Year Survival Rate
26	Glasgow City	2,830	1,060	37.46%
27	Northampton	1,445	520	35.99%
28	Liverpool	2,250	805	35.78%
29	Portsmouth	905	320	35.36%
30	Plymouth	1,090	335	30.73